Thomas played a significant role in shaping the growth of the lender’s property finance division, which has seen its loan book grow to just under £2bn and solidified its position as a provider of development finance to SME housebuilders.
He oversaw a team of 100 employees as managing director and managed a portfolio of clients, funding projects across property asset classes from small residential projects to large commercial schemes.
Phil Hooper, chief executive of Close Brothers Property Finance, said: “Rowland has made an enormous contribution to the growth and reputation of Close Brothers Property Finance. His strategic leadership and deep market knowledge have played a pivotal role in shaping the business we are today. I would like to thank him for his outstanding service over the years.
“Although Rowland will be greatly missed, we are fortunate that Daniel will be stepping into the managing director role. With his extensive experience and deep understanding of the SME market, he brings both continuity and a new perspective to the role.”
Thomas (pictured) added: “It has been hugely rewarding working alongside such a high-calibre, dedicated and driven team at Close Brothers Property Finance, helping to support SME housebuilders through the ‘good times’ as well as some extremely challenging periods. It has also been a great pleasure and fascinating education to work with so many outstanding developers, investors, and professionals over my career.
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“In many ways, the business I leave is very different to the one I joined. However, the exceptional levels of service it provides to customers and its unwavering commitment to supporting and, increasingly, advocating on behalf of SMEs remain the same. I have every confidence that Daniel and his highly experienced team, alongside Phil’s strong leadership of the business, will ensure that the business remains both a major supporter of and standard bearer for the sector.”
Joyce to take on MD role
Daniel Joyce (pictured, insert) will succeed Thomas as managing director. He has been at Close Brothers Property Finance for more than 25 years, initially joining in a support role before being made a relationship manager in 2006. He was promoted to the board in 2015 after he established a portfolio of residential development and commercial investment loans.
He later became deputy managing director in 2023.
Joyce said: “It’s an honour to take on the role of managing director at such a pivotal time for the business, as we continue our unwavering support of SME housebuilders and grow and diversify into new markets like Build To Rent.
“Having worked closely alongside Rowland for over two decades, I’ve learned the value of his relationship-led approach to lending, and I look forward to continuing in that vein, whilst driving the business forward.”
